Hexanol is an organic compound that is made up of a long chain of 6 carbon atoms. It is slightly miscible in the water, on the other hand, it easily dissolves in ethanol and ethers. The structural formula of hexanol is C6H14O and its molecular weight is 102.17 g/mol.
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Hexanol is produced by the process of oligomerisation. It is generally oligomerised with the help of triethylaluminium which is further followed by alkyl aluminum oxidation. The largest producers of the hexanol market are North America, Brazil, Mexico, Argentina, Chile, Peru Germany, and South Korea.
Key Details About the Hexanol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the hexanol price forecast in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The hexanol price index, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Hexanol Price Trend:
Hexanol, also known as 1-hexanol, is a six-carbon alcohol with various industrial applications. Its price trend can be influenced by several factors related to its production, demand, and market dynamics. Here are some industrial uses impacting the hexanol price trend:
- Chemical Intermediates: Hexanol serves as a precursor in the synthesis of various chemicals such as plasticizers, flavors, fragrances, and solvents. Industries like the fragrance and flavor industry, polymer industry, and pharmaceutical industry rely on hexanol as a key intermediate. Fluctuations in the demand for these end products can affect the demand and consequently the price of hexanol.
- Solvent Applications: Hexanol is commonly used as a solvent in industries such as paints, coatings, and adhesives. Its solvent properties make it valuable for dissolving or dispersing other substances. Changes in the demand for solvent-based products can impact the demand for hexanol and thus influence its price.
- Plasticizers Production: Hexanol is used in the production of plasticizers, which are additives added to polymers to improve flexibility, durability, and other properties. The demand for plasticizers is influenced by the construction, automotive, and packaging industries, among others. Economic trends and regulatory changes affecting these industries can impact hexanol prices.
- Supply Chain Dynamics: The availability of raw materials used in the production of hexanol, such as petrochemical feedstocks, can affect its price. Any disruptions in the supply chain, whether due to natural disasters, geopolitical tensions, or changes in trade policies, can lead to fluctuations in hexanol prices.
- Energy Prices: Hexanol is typically derived from petrochemical sources, so fluctuations in crude oil prices and energy costs can impact its production costs and, consequently, its price. Higher energy prices can increase the production costs of hexanol, leading to higher prices for consumers.
- Environmental Regulations: Regulatory changes aimed at environmental protection and sustainability can impact the production and use of hexanol and its derivatives. Stricter regulations may require manufacturers to invest in cleaner production methods or alternative feedstocks, which can affect production costs and, in turn, prices.
- Market Dynamics and Competition: Hexanol is subject to market forces and competition from alternative chemicals and substitutes. Changes in consumer preferences, technological advancements, and innovations in chemical manufacturing can influence the demand for hexanol and its price relative to other chemicals.
In summary, the price trend of hexanol is influenced by a combination of factors related to its production, demand from various industries, supply chain dynamics, energy prices, environmental regulations, and market competition. Understanding these factors is crucial for stakeholders in the chemical industry to anticipate and respond to price fluctuations in the hexanol market.
Key Market Players:
- Sasol Limited
- Alfa Aesar (Thermo Fisher Scientific Inc.)
- Merck KGaA
- Haihang Industry Co., Ltd.
News and Events:
- August 01, 2022: In the domestic market of India, the Bharat Petroleum Corporation Limited (BPCL) reduced the prices of 2-Ethyl Hexane.
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